Coinbase has escalated its push for regulatory clarity in the digital asset space by filing multiple Freedom of Information Act (FOIA) requests with the Federal Deposit Insurance Commission (FDIC). According to the court documents, the cryptocurrency exchange sought documents...
The U.S. Securities and Exchange Commission (SEC) has fined WisdomTree, a New York-based issuer of ETFs, $4 million for failing to adhere to its own investment criteria for funds marketed as following the Environmental, Social, and Governance (ESG) framework....
The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has announced a deadline for local cryptocurrency exchanges to fulfil the requirements for obtaining a license to operate in the country. According to a recent press release by the regulator, crypto...
The UK's Financial Conduct Authority (FCA) has justified its stringent stance on registering cryptocurrency firms, emphasising that high standards are crucial for fostering a sustainable and reliable digital asset industry. In a statement issued today, Monday, October 21, Val...
The BRICS nation bloc—Brazil, Russia, India, China, and South Africa—has officially launched its highly anticipated cross-border payment system, "BRICS Pay." The blockchain-based platform, designed to streamline transactions among member nations, was unveiled on October 17 at the ongoing BRICS...
After a lengthy spell of research and public consultations that began in 2017, the Bank of Canada has decided to discontinue its efforts to create a digital version of the Canadian dollar. This decision comes even as the central...
The Democratic Party's candidate for the U.S. presidential elections coming up early next month, Kamala Harris, has largely maintained a low profile when it comes to discussing the crypto industry. Her broader policy platform, the "Opportunity Economy," noticeably avoided...
Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin...
The European Securities and Markets Authority (ESMA) is reportedly advocating for mandatory external audits of cybersecurity defences within cryptocurrency companies, as outlined in a report by the Financial Times on Wednesday. Though specific sources weren't cited, the report suggests...
The Chinese government banned cryptocurrency in 2021 in a bid to reduce financial risks and control money flow. However, mining pools in the country continue to wield significant influence over the Bitcoin network. As Ki Young Ju, founder and...
